VerticalScope (TSE:FORA) Reaches New 12-Month High – What’s Next?

Shares of VerticalScope Holdings Inc. (TSE:FORA) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$14.75 and last traded at C$14.60, with a volume of 52123 shares trading hands. The stock had previously closed at C$13.93.

Analysts Set New Price Targets

FORA has been the subject of several recent research reports. CIBC raised their target price on shares of VerticalScope from C$10.00 to C$17.00 in a report on Monday, February 10th. Royal Bank of Canada lifted their price objective on VerticalScope from C$16.00 to C$17.00 in a research note on Thursday, January 30th. Eight Capital upped their price objective on VerticalScope from C$15.00 to C$18.00 in a research report on Monday, December 2nd. Canaccord Genuity Group increased their price target on shares of VerticalScope from C$14.00 to C$17.00 in a report on Thursday, November 14th. Finally, Raymond James lifted their price objective on shares of VerticalScope from C$11.50 to C$13.00 in a report on Wednesday, November 13th.

VerticalScope Trading Down 5.0 %

The firm has a market cap of C$217.11 million, a price-to-earnings ratio of 77.58 and a beta of -0.02. The company’s 50-day moving average price is C$11.64 and its 200-day moving average price is C$9.73. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 55.19.

Insider Buying and Selling

In other news, Senior Officer Brandon Seibel sold 12,500 shares of the stock in a transaction dated Monday, January 20th. The shares were sold at an average price of C$11.00, for a total value of C$137,500.00. Also, Director Rob Laidlaw sold 3,300 shares of the business’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of C$10.76, for a total transaction of C$35,501.40. In the last three months, insiders have sold 26,400 shares of company stock worth $304,926. Insiders own 37.10% of the company’s stock.

VerticalScope Company Profile

VerticalScope is a technology company that has built and operates a cloud-based digital platform for online enthusiast communities in high-consumer spending categories. VerticalScope’s mission is to enable people with common interests to connect, explore their passions and share knowledge about the things they love.